Currencies Crushed In 2016
2016 has been a roller coaster of a year, and currency markets are no exception. A few countries have fared well, but others have seen the value of their currencies fall dramatically. Here’s a list...
Tag: currency
These Currencies Got Crushed In 2016
A few countries have fared well, but others have seen the value of their currencies fall dramatically. Egypt took the radical decision to let its currency float freely in November. The move was part...
Some of Africa’s Currencies Struggled In 2016
From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a chronic currency shortage, various African countries saw the value of their currencies...
Most Foreign Awards Are Bribes To Drain Africans Economy
So every country manipulates their currencies either by easing and tightening interest rates or using stimulus to boast the market. Regulators have fined some of the financial institutions...
Asian Flash Surge Takes Euro To $1.07
A short-lived surge in the euro dominated this year's last day of trade in major foreign exchange markets on Friday, with dealers citing a handful of orders as driving the dollar to its lowest since...
Dollar Slips To Two-Week Low Vs Yen As Treasury Yields Fall
The dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in U. S. bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted...
Dollar Inches Higher In Holiday-Thinned Trade
The dollar inched higher against the yen and a handful of other major currencies on Tuesday in trade curtailed by holidays in financial centres in Europe and Asia. Going into the final week of 2017,...
India Overtakes Britain As the World’s Sixth-Largest Economy
India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China,...
Dollar Hits New 14-Year High, Dow Sets Sights On 20,000
The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary policy and the euro weakened following deadly attacks in Germany and Turkey. On Wall...
Bank of England Holds Interest Rates
The Bank of England has voted unanimously to keep the UK's main interest rate at a record low of 0.25%. It said that the next rate move could be in either direction. The last change was a rate cut in...
UK Trade Deficit Narrows In October
Exports increased by £2bn, lifted by machinery and transport orders, while imports decreased by £1.8bn, the Office for National Statistics (ONS) said. The ONS also made large revisions to trade...
Treasury Securities Continue To Slide
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines. The week ending December 1 saw the rate of return on 91-day bill softening by...
Ghana’s Coupon Rate On Eurobond Too High
A chartered economic policy analyst, Dr Williams Abayaawien Atulik, has expressed concern about the coupon rate on the Eurobonds issued by the government. He said financing the budget deficit with...
Italian Bank Stocks Slump After Defeated Renzi Resigns
The euro swung wildly against the dollar and bank stocks in Italy slumped as the country appeared headed for a period of political and financial turmoil. Prime Minister Matteo Renzi said Monday that...
Dollar Auctioning Could Hurt Cedi – Economist
An economist, Dr. Lord Mensah, has said the auctioning by the central bank of part of the US$1.8 billion cocoa syndicated loan proceed could impact negatively on the local currency. His argument...
Dollar Auction May Least Control Cedi Depreciation – Economist
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess...
Dollar Auction May Least Control Cedi Depreciation
As the Bank of Ghana prepares to commence its first dollar auction to banks through a competitive bid, some financial observers have stated that the regulations guiding the process may put excess...
Zimbabwe Note Move Stoke Currency Fears
Zimbabwe has launched its own money for the first time since the country’s dollar was abandoned seven years ago amid rampant inflation. The bond note, which is worth one US dollar – the...
Election, Seasonal Demand Mount Pressure On Cedi
The cedi could be in for its toughest test this time in the year, as seasonal demand for the US dollar by importers, and the uncertainties surrounding the impending elections have begun to unsettle...
The Cedi’s Rising Fortunes
Ghana's national currency, the cedi is on the brink of completing a record-breaking year, and even the currency analysts that have spent most of the year predicting an end to its new found stability,...